Broadridge launches new insights solution 10 December 2024US Reporter: Clelia Frondaroli
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Broadridge has launched an algorithm insights service for NYFIX, Broadridge’s post-trade matching solution.
The company says the solution uses advanced AI to enable asset managers, hedge funds, and buy side firms to achieve accuracy and workflow integration through real-time alerts and in-trade analysis.
This is said to improve overall performance, trading costs, and security for NYFIX clients in the US equities market, with future plans to expand into other regions and asset classes.
Commenting on the launch, George Rosenberger, head of NYFIX at Broadridge, states: “By harnessing the power of AI and historical insights, we’re giving our clients the tools they need to navigate complex markets with greater precision and confidence. This innovative solution not only optimises trading strategies, but also reduces costs.”
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